Which of the Following Is Not True of International Banking

Which of the following is not true of International banking facilities (IBFs) ? IBFs

A) allow domestic banks to take part in international banking on U.S. soil.
B) are not physical entities.
C) are a bookkeeping system set up in existing bank offices to record international banking transactions.
D) are not subject to the regulations and FDIC insurance premiums that apply to domestic U.S. banking.
E) None of these - all of these are true of IBFs.